UPL Ltd will file a DRHP shortly for raising up to USD 500 million via a Rights Issue. The company has already secured board approval and plans to launch the issue by early Q3 FY24.

UPL Ltd reported a 95% decline in net profit to Rs 40 crore in Q4 FY24, with revenue falling 15% to Rs 14,078 crore. The company attributed the drop to lower prices in the post-patent market.

Shriram Finance will replace UPL in the Nifty 50 index effective March 28, 2024. Other changes include additions and removals in Nifty Next 50, Nifty 100, and sectoral indices.

Moody's Investors Service has downgraded UPL's credit rating to Ba1 and maintained a negative outlook due to a deterioration in the agrochemical industry.

UPL, a sustainable agriculture solutions provider, reported a consolidated net loss of Rs 1,217 crore in Q3 FY24, impacted by destocking and price competition.

Union Minister Piyush Goyal warns against populist handouts, stating they harm the country in the long run. He highlights the government's focus on skilling youth and boosting the startup ecosystem.

IDFC First Bank reported an 11% decline in net profit to Rs 680 crore in Q1 FY24. Total income rose, while gross NPAs declined.

NITI Aayog outlines key structural challenges India needs to address, including manufacturing, logistics, and income disparity, to avoid the Middle-Income trap.

Coal India Limited (CIL) has reversed the declining trend in underground (UG) coal production for the first time in 14 years, thanks to modernization and technology.

India's income tax department reports over 5 crore ITRs filed for AY 2024-25, an 8% rise from last year. Infosys, the e-filing portal's tech partner, assures uninterrupted services.

Union Minister Piyush Goyal warns against populist handouts, stating they harm the country in the long run. He highlights the government's focus on skilling youth and boosting the startup ecosystem.

IDFC First Bank reported an 11% decline in net profit to Rs 680 crore in Q1 FY24. Total income rose, while gross NPAs declined.

NITI Aayog outlines key structural challenges India needs to address, including manufacturing, logistics, and income disparity, to avoid the Middle-Income trap.

NCCF will sell subsidised tomatoes at Rs 60/kg in Delhi-NCR from Monday to provide relief from soaring tomato prices. The move comes as prices have surged due to supply disruptions.

Coal India Limited (CIL) has reversed the declining trend in underground (UG) coal production for the first time in 14 years, thanks to modernization and technology.